Can I retire at age 56 with 13,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,073,035
2 years$560,066$549,635$539,526$529,725$520,218$500,716
3 years$369,668$359,193$349,109$339,400$330,048$311,074
4 years$274,488$264,045$254,062$244,518$235,393$217,094
5 years$217,395$207,014$197,163$187,814$178,942$161,370
6 years$179,346$169,043$159,337$150,196$141,591$124,766
7 years$152,178$141,962$132,410$123,484$115,151$99,077
8 years$131,811$121,687$112,294$103,588$95,529$80,203
9 years$115,979$105,951$96,719$88,234$80,449$65,862
10 years$103,321$93,390$84,321$76,059$68,547$54,685
11 years$92,971$83,140$74,235$66,194$58,952$45,802
12 years$84,352$74,622$65,882$58,061$51,087$38,629
13 years$77,065$67,437$58,861$51,259$44,549$32,764
14 years$70,824$61,298$52,887$45,502$39,051$27,919
15 years$65,420$55,997$47,750$40,580$34,384$23,883
16 years$60,696$51,376$43,292$36,335$30,388$20,495
17 years$56,533$47,315$39,394$32,647$26,945$17,637
18 years$52,836$43,721$35,962$29,421$23,958$15,211
19 years$49,532$40,521$32,921$26,584$21,354$13,145
20 years$46,562$37,654$30,214$24,077$19,074$11,379
21 years$43,878$35,073$27,791$21,852$17,069$9,864
22 years$41,442$32,739$25,613$19,868$15,300$8,561
23 years$39,221$30,620$23,649$18,094$13,734$7,438
24 years$37,188$28,689$21,872$16,503$12,345$6,468
25 years$35,321$26,924$20,258$15,072$11,108$5,629
26 years$33,600$25,304$18,788$13,781$10,006$4,902
27 years$32,009$23,814$17,446$12,614$9,021$4,272
28 years$30,534$22,440$16,219$11,557$8,140$3,725
29 years$29,164$21,169$15,093$10,598$7,350$3,249
30 years$27,887$19,992$14,058$9,726$6,641$2,835
31 years$26,695$18,899$13,106$8,933$6,004$2,474
32 years$25,580$17,882$12,228$8,210$5,431$2,160
33 years$24,535$16,935$11,418$7,549$4,915$1,887
34 years$23,553$16,051$10,668$6,946$4,450$1,648
35 years$22,629$15,224$9,974$6,394$4,031$1,440
36 years$21,759$14,449$9,330$5,889$3,652$1,258
37 years$20,937$13,724$8,733$5,426$3,310$1,100
38 years$20,161$13,042$8,178$5,001$3,001$961
39 years$19,426$12,402$7,662$4,611$2,721$840
40 years$18,730$11,800$7,182$4,253$2,468$735
41 years$18,070$11,232$6,734$3,924$2,239$642
42 years$17,442$10,697$6,317$3,622$2,032$562
43 years$16,845$10,192$5,927$3,343$1,844$491
44 years$16,278$9,715$5,564$3,087$1,674$430
45 years$15,736$9,264$5,224$2,851$1,520$376
46 years$15,220$8,838$4,907$2,633$1,380$329
47 years$14,728$8,434$4,610$2,433$1,253$287
48 years$14,257$8,051$4,332$2,248$1,138$251
49 years$13,807$7,689$4,072$2,078$1,033$220
50 years$13,376$7,344$3,828$1,920$939$192

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $13,700,000, adding $6,736 every year, while hoping to spend $33,751 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 67/21/12 Blend
55$13,700,000$13,700,000$13,700,000$13,700,000
56$15,104,348$14,378,248$14,165,898$16,075,809
57$16,609,081$15,046,872$14,604,545$17,392,048
58$18,266,165$15,747,126$15,056,755$18,825,975
59$20,091,105$16,480,527$15,522,948$20,392,876
60$22,100,986$17,248,660$16,003,554$22,105,767
61$24,314,632$18,053,190$16,499,019$23,978,971
62$26,752,790$18,895,862$17,009,802$26,028,246
63$29,438,319$19,778,504$17,536,375$28,270,932
64$32,396,410$20,703,033$18,079,225$30,726,110
65$35,654,820$21,671,458$18,638,856$33,414,780
66$39,244,139$22,685,886$19,215,785$36,360,057
67$43,198,072$23,748,526$19,810,545$39,587,379
68$47,553,765$24,861,693$20,423,687$43,124,749
69$52,352,147$26,027,814$21,055,778$47,002,995
70$57,638,322$27,249,433$21,707,403$51,256,050
71$63,461,995$28,529,219$22,379,165$55,921,277
72$69,877,936$29,869,968$23,071,685$61,039,807
73$76,946,501$31,274,613$23,785,602$66,656,930
74$84,734,202$32,746,227$24,521,578$72,822,512
75$93,314,333$34,288,034$25,280,293$79,591,464
76$102,767,660$35,903,412$26,062,447$87,024,252
77$113,183,186$37,595,905$26,868,765$95,187,459
78$124,658,994$39,369,227$27,699,991$104,154,414
79$137,303,164$41,227,272$28,556,893$114,005,871
80$151,234,801$43,174,123$29,440,264$124,830,769
81$166,585,157$45,214,061$30,350,919$136,727,059
82$183,498,868$47,351,575$31,289,699$149,802,625
83$202,135,321$49,591,370$32,257,473$164,176,295
84$222,670,159$51,938,383$33,255,133$179,978,950
85$245,296,937$54,397,785$34,283,602$197,354,754
86$270,228,950$56,975,003$35,343,829$216,462,504
87$297,701,248$59,675,723$36,436,792$237,477,121
88$327,972,853$62,505,911$37,563,502$260,591,291
89$361,329,202$65,471,819$38,724,998$286,017,272
90$398,084,848$68,580,005$39,922,352$313,988,885
91$438,586,421$71,837,344$41,156,670$344,763,717
92$483,215,908$75,251,046$42,429,090$378,625,530
93$532,394,253$78,828,669$43,740,787$415,886,938
94$586,585,335$82,578,142$45,092,971$456,892,336
95$646,300,343$86,507,775$46,486,890$502,021,142
96$712,102,606$90,626,284$47,923,829$551,691,364
97$784,612,908$94,942,808$49,405,113$606,363,530
98$864,515,350$99,466,931$50,932,110$666,545,019
99$952,563,807$104,208,701$52,506,226$732,794,837
100$1,049,589,044$109,178,657$54,128,914$805,728,872